Green tires offer suppliers high-growth opportunities – Smithers Rapra

ERJ staff report (BC)

Leatherhead UK – The global market for “green” tires is forecast to reach $70.6 billion by 2017, according to Smithers Rapra (SR) in a new market report.

SR defines “green” tires as those optimised for low rolling resistance and/or using materials, especially elastomers, derived from renewable (sustainable) resources. The largest sector of the green tire market is currently low-rolling-resistance tires, says SR, termed “energy tires” in the report.

SR estimates that over 1.5 billion tires are currently produced each year, with a total value…

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